The Cummins Foundation Inc
The Cummins Foundation Inc is a private foundation, based in Columbus, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $47.8M in total assets. In 2025, it awarded 1 grant totaling $43.6M. Net investment income was $2.7M.
Key facts about The Cummins Foundation Inc
In short: The Cummins Foundation Inc gave $43.6M across 1 grant in 2025 (avg $43.6M), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- EIN
- 35-6042373
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $43,614,169
- Grants made (2025)
- 1
- Average grant
- $43,614,169
- Median grant
- $43,614,169
- Total assets
- $47,831,093
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$47.8M
-17.3% YoY
Annual Giving
$43.6M
+1.5% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$43.6M
+1.5% YoY
Under IRS private-foundation payout rules, The Cummins Foundation Inc reported a distributable amount of $2.9M for 2025 — the minimum it must pay out in qualifying distributions.
How The Cummins Foundation Inc gives
- Giving grew 88% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHMENT 1 Columbus, IN | VARIOUS SEE ATTACHMENT 1 | $43,614,169 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $47,831,093 | $57,860,545 | $66,154,868 |
| Revenue | $35,627,591 | $36,135,183 | $36,601,849 |
| Expenses | $45,000,554 | $39,251,079 | $31,084,782 |
| Qualifying Distributions | $43,614,169 | $42,982,936 | $25,766,488 |
| Net Investment Income | $2,676,937 | $2,739,407 | $2,382,096 |
| Distributable Amount | $2,940,060 | $2,978,490 | $2,849,181 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Cummins Foundation Inc is led by Jim Schacht, Chief Executive Officer on every filing since 2023; none of the 11 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jim Schacht
Chief Executive Officer
On filings since 2023
1 hr/week
No compensation reported
Jennifer Rumsey
Chairman
Director → Chairman, 2023
On filings since 2020
1 hr/week
No compensation reported
Mark Smith
Director
On filings since 2020
1 hr/week
No compensation reported
Srikanth Padmanabhan
Director
On filings since 2020
1 hr/week
No compensation reported
Will Miller
Director
On filings since 2020
1 hr/week
No compensation reported
Nicole Lamb-Hale
Director
On filings since 2022
1 hr/week
No compensation reported
Sharon Barner
Director
On filings since 2023
1 hr/week
No compensation reported
Bonnie Fetch
Director
New on the 2025 filing
1 hr/week
No compensation reported
Jeff Wiltrout
Director
New on the 2025 filing
1 hr/week
No compensation reported
Lyndsey Teeters
Treasurer
On filings since 2022
1 hr/week
No compensation reported
Tonya Sisco
Secretary
On filings since 2024
1 hr/week
No compensation reported
Former officers (9)
- Former: Tony Satterthwaite (2020–2024) — Director
- Former: Travis Meeks (2023–2024) — Secretary
- Former: Tom Linebarger (2020–2023) — Director
- Former: Avril Schutte (2020–2022) — Secretary
- Former: Mary Chandler (2020–2022) — CEO
- Former: Tracy Embree (2020–2022) — Director
- Former: ZeNai Brooks (2021–2022) — Treasurer
- Former: Mahesh Narang (2022) — Director
- Former: Lyndsey Bannick (2020) — Treasurer
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Cummins Foundation Inc
How much does The Cummins Foundation Inc give each year?
The Cummins Foundation Inc gave $43.6M across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $43.0M across 1 grant.
How large is The Cummins Foundation Inc?
The Cummins Foundation Inc reported $47.8M in total assets on its 2025 IRS Form 990-PF. It paid out $43.6M in qualifying distributions that year, against a required minimum of $2.9M (roughly 5% of its investment assets).
Where does The Cummins Foundation Inc operate?
The Cummins Foundation Inc has awarded grants in Indiana.
What is The Cummins Foundation Inc's EIN?
The Cummins Foundation Inc's EIN (Employer Identification Number) is 35-6042373. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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